Fernhill Park CLO DAC (Refinance): 20 June 2026

The assets securing the Debt will consist primarily of a portfolio of Senior Obligations, Mezzanine Obligations and High Yield Bonds, and will be managed by Blackstone Ireland Limited.

On 29 May 2024 (the Original Issue Date) Fernhill Park CLO DAC issued A Senior Secured Floating Rate Notes due 2037, Class B Senior Secured Floating Rate Notes due 2037, Class C Senior Secured Deferrable Floating Rate Notes due 2037, Class D Senior Secured Deferrable Floating Rate Notes due 2037, Class E Senior Secured Deferrable Floating Rate Notes due 2037, Class F Senior Secured Deferrable Floating Rate Notes due 2037 and Subordinated Notes due 2037.

On 18 June 2026 (the Re-issue Date) the Issuer, subject to certain conditions, will issue Class X Senior Secured Floating Rate Notes due 2039, Class A-R Senior Secured Floating Rate Notes due 2039, Class B-R Senior Secured Floating Rate Notes due 2039, Class C-R Senior Secured Deferrable Floating Rate Notes due 2039, Class D-R Senior Secured Deferrable Floating Rate Notes due 2039, Class E-R Senior Secured Deferrable Floating Rate Notes due 2039, Class F-R Senior Secured Deferrable Floating Rate Notes due 2039 and Additional Subordinated Notes due 2039.

In addition, on the Issue Date the Issuer will enter into a loan agreement pursuant to which the Class A Lenders will make available to the Issuer a senior secured floating rate facility in an aggregate amount of €160mln. The Class A Loan will be fully drawn on the Issue Date.

The Existing Subordinated Notes were issued on the Original Issue Date with a Principal Amount Outstanding of €36.6mln and are not being offered pursuant to this Offering. The Additional Subordinated Notes being offered pursuant to this Offering and the Existing Subordinated Notes issued on the Original Issue Date shall form a single class of Subordinated Notes.

The Offered Notes are being offered by the Issuer through Merrill Lynch International in its capacity as sole arranger and initial purchaser of such Offered Notes.